82 Montana Del Lago, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 2 bed, 2 bath
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Rancho Santa Margarita, California 92688
This Turnkey Condominium represents a High-Potential Investment Opportunity, listed at $499,000—positioned well below the $581,728 Fair Market Value by 14%. This valuation gap offers $82,728 in Instant Equity. Featuring a Condition Rating of 2, the home includes modern white shaker cabinetry, quartz countertops, and a private balcony with City Lights Views. Located in the Saddleback Valley Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 82 Montana Del Lago Subject | $499,000* List Price | 2 | 2 | 886 | $657 | - |
A 42 Picazo 29 Sold | $515,000 | 2 | 2 | 773 | $666 | 0.3 mi |
B 7 Islay 70 Sold | $520,000 | 1 | 2 | 781 | $666 | 0.2 mi |
C 29 Celosia Sold | $535,000 | 1 | 1 | 804 | $665 | 0.4 mi |
D 7 Brisa Ribera Sold | $510,000 | 1 | 1 | 841 | $606 | 0.2 mi |
E 3 Via Pariente Sold | $549,000 | 2 | 2 | 832 | $660 | 0.2 mi |
F 74 Flor De Sol 53 Sold | $488,000 | 2 | 2 | 800 | $610 | 0.3 mi |
G 21 Silktassel Sold | $485,000 | 1 | 1 | 742 | $654 | 0.2 mi |
H 23 Via Prado Sold | $365,000 | 1 | 1 | 547 | $667 | 0.5 mi |
I 6 Dianthus Active Under Contract | $630,000 List Price | 2 | 2 | 1,000 | $630 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1990, the property has undergone a comprehensive recent renovation (likely <5 years). The kitchen features modern white shaker cabinetry, quartz countertops, and black stainless steel appliances. With updated flooring, contemporary fixtures, and a 'Certified Listing' status indicating a clear inspection, the home is in mint, move-in condition.
Residents enjoy exclusive access to the Lago Santa Margarita Beach Club and Lagoon, offering premium recreational activities including boating, fishing, and a swim lagoon.
This 'Certified Listing' features modern upgrades and a full disclosure package with a pre-inspection, providing buyers with transparency and a move-in-ready experience.
The interior boasts vaulted ceilings and an open-concept layout that maximizes natural light, creating an airy and spacious feel that enhances the home's aesthetic.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =51394, other record lot size in square feet = 1437.
The association fee of $643.38 is relatively high for a property at this price point, which may impact monthly affordability for some buyers.
With only 886 square feet for a two-bedroom configuration, the interior footprint is quite small, potentially limiting storage and furniture options.
Buy with confidence with this Certified listing with a full due diligence package already completed upfront. The beautifully upgraded 2-bedroom, 2-bath home features an open personality, vaulted ceilings, abundant natural light, a cozy fireplace, private balcony, and upstairs indoor laundry. The spacious primary suite includes a walk-in closet and en-suite bath, while the open kitchen offers ample counter and cabinet space for everyday living and entertaining. Enjoy resort style amenities including a pool, fitness center, clubhouse, and exclusive access to the Lago Santa Margarita Beach Club and Lagoon with a swim lagoon, boating, fishing, parks, volleyball courts, and picnic areas. Check out all Rancho Santa Margarita Community Amenities at https://samlarc.org/amenities. Experience the perfect blend of comfort, convenience, and the Rancho Santa Margarita lifestyle. Ask for the full disclosure package including seller disclosures, property inspection and clear title without any contingencies.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades 7-8 • 0.4 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 886 | 1,093 |
| Lot Size | 51,394 | 26,135 |
| Price | $499.0K | $681.3K |
| Price per sq ft | $563 | $638 |
| Built year | 1990 | 1991 |
| HOA | $643.38 | $463 |
| Days on market | 21 | 51 |
Jul 1, 2026
$499,000
Initial Listing
Jul 20, 2021
$475,000
Public Record
Dec 30, 2016
$358,000
Public Record
Dec 8, 2010
$231,000
Public Record
Apr 12, 2002
$196,000
Public Record
Nov 16, 2000
$160,000
Public Record